Name Sanjay Shah | ||
Testimonials for sanjay shah
Sanjay Shah is a Dubai-based businessman. He is the founder of hedge fund firm Solo Capital, which closed in 2016, and philanthropic organization Autism Rocks.
Contents
- Testimonials for sanjay shah
- what is the mission of your business sanjay shah seminar
- Philanthropic activities
- Suspicion of tax fraud
- References
Shah was born in London in 1970 and was sent to medical school to become a doctor. However, early in his career he realized that being a doctor is not something he would enjoy and he decided to pursue a career in finance. He started Solo Capital in 2008 after being laid off from a high-profile job and his new stint as an entrepreneur was quite successful.
what is the mission of your business sanjay shah seminar
Philanthropic activities
Sanjay Shah's youngest son, Nikhil, was diagnosed with autism in 2011. After working with therapists and medical experts for many years, he decided to do something to raise awareness about autism and founded Autism Rocks in 2014. Autism Rocks conducts music gigs worldwide to raise funds for charity and to create awareness about autism. Their latest gig was in London, featuring Ricky Martin.
Suspicion of tax fraud
Sanjay Shah is being investigated by Danish prosecutors as a prime suspect in a case regarding the Danish Government getting defrauded for 1.65 billion euros (12.3 billion DKK). The tax fraud happened from 2012 to 2015 and is the largest in the history of Denmark. He is also the prime suspect in similar tax fraud cases involving more than 200 million euros and 65,000 euros in Belgium and Norway respectively. An additional 300 million euros in Belgium and 40 million euros in Norway were only stopped because of warnings from the Danish authorities. In addition to these countries, he is being investigated by Germany and the UK via Eurojust, and by the US Treasury Department, as it is supected that some of the money were funneled through US pension funds. Shah's London-based hedge fund Solo Capital was closed in 2016 amid the investigation by Danish authorities, while his London home and offices were raided by the British National Crime Agency, and Varengold Bank (co-owned by Shah) was raided by German authorities. As of December 2016, about 300 million euros had been seized by the Danish police (in cooperation with foreign police forces), but extradition of a possible suspect from Dubai would be very difficult. Sanjay Shah has denied any wrongdoing.